Reading International (NASDAQ:RDI) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of Reading International (NASDAQ:RDI) in a report released on Friday. The firm set a “sell” rating on the stock.

Reading International Stock Down 0.7 %

Shares of RDI stock opened at $1.34 on Friday. Reading International has a 1 year low of $1.22 and a 1 year high of $2.15. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.17 and a current ratio of 0.17. The business’s fifty day moving average is $1.49 and its 200-day moving average is $1.52. The stock has a market cap of $30.05 million, a PE ratio of -0.71 and a beta of 1.60.

Institutional Trading of Reading International

A hedge fund recently bought a new stake in Reading International stock. Logan Stone Capital LLC purchased a new position in Reading International, Inc. (NASDAQ:RDI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,639 shares of the company’s stock, valued at approximately $38,000. Logan Stone Capital LLC owned about 0.12% of Reading International as of its most recent filing with the Securities & Exchange Commission. 44.70% of the stock is currently owned by institutional investors and hedge funds.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.